This is an in-depth look at all the must-know facts about International Wealth Mentality Month (2024) 🗓️ that no one tells you about. International Wealth Mentality Month is observed on January 1st.
Among the information you’ll find below: the history of International Wealth Mentality Month, activities to do on and how to observe this holiday, as well as intriguing facts you might want to know about International Wealth Mentality Month.
📅 What day is International Wealth Mentality Month 2024?
In 2024, International Wealth Mentality Month is on Sunday, January 1st. It is the 1st Sunday in January; in 2024, it is Monday. There are until the next observance. You also can see all the cool details and facts about January 1, 2023, that you might not be aware of.
International Wealth Mentality Month takes place every January and serves as a helpful reminder to manage our finances and develop a financial plan. It presents an ideal time for finance professionals to engage with new clients, discussing their financial goals and current situation. Additionally, it offers an opportunity to connect with existing customers and make any necessary adjustments to their current financial plans. By having a solid financial strategy in place, individuals can enjoy peace of mind and financial stability both presently and in the long run.
📜 International Wealth Mentality Month History
The three main types of wealth are personal property, monetary savings, and income-producing assets. Having financial stability is important as it acts as a safety net during unexpected events or job loss. Human capital, which refers to the predicted lifetime wages of a population, is the most valuable source of wealth globally, making up 64% of total wealth. Generally, countries with higher economic growth have a larger percentage of human capital, except for high-income countries that heavily rely on fossil fuel resources. It has been suggested that these countries should invest their fossil fuel revenue in other forms of wealth, such as human capital.
However, there are still gender disparities that hinder growth, and progress towards gender parity has been slow in the past 25 years. Women represent less than 40% of human capital at all stages of development. There is a call for governments to improve economic progress indicators and implement policies that benefit future generations. It is believed that better measurement and investment in long-term wealth can lead to improved lives for all.
✅ International Wealth Mentality Month Facts
🔖 Wealth inequality has a gender slant
Research indicates that the wealthiest individuals in the world are predominantly men, with the top 22 surpassing the collective wealth of all women in Africa.
🔖 Income inequality in the U.S.
There is a strong correlation between income inequality and higher rates of crime, increased stress, and a greater prevalence of mental illnesses.
🔖 The countries with the greatest income inequality
South Africa, Namibia, Suriname, Zambia, and Sao Tome and Principe rank among the top five countries globally when it comes to income inequality.
👍 Why Is International Wealth Mentality Month Important
We will be studying money for the entire month. We also learn how to manage our money responsibly.
Finance is not a topic for everyone. Everyone may access and apply the material provided by International Wealth Mentality Month.
International Wealth Mentality Month encourages us to make financial plans for the future. We must be prepared for retirement.
🙂 How To Observe International Wealth Mentality Month
⚡ Work on your wealth mentality
⚡ Speak to a financial professional
A skilled expert can provide valuable guidance to help you begin your investment journey and achieve your goals. Whether you’re aiming to purchase a home, finance a wedding, or eliminate debt, their expertise will prove beneficial.
⚡ Do something every day that does not cost money
Take the time to contemplate, plan, and then act. Use this month to shift your wealth mindset, which will aid you in your efforts to improve your financial status this year.
📅 When is International Wealth Mentality Month?
| YEAR | DATE | DAY |
| 2024 | January 1 | Monday |
| 2025 | January 1 | Wednesday |
| 2026 | January 1 | Thursday |
| 2027 | January 1 | Friday |
| 2028 | January 1 | Saturday |
Discover all 🔗 January holidays, including 🔗 Special Interest and other 🔗 American holidays.
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